Paris stock market ranks lowest after European vote

The stock market in Paris is facing significant challenges, with the French reference index Cac 40 experiencing a decline of more than 2% to 7,837.38 points at mid-session. This follows a political earthquake in France following the victory of Marine Le Pen’s far-right party in recent European elections, which led to President Emmanuel Macron dissolving the National Assembly and calling for an early election.

The Rassemblement National list led by Jordan Bardella came out on top in the polls with around 32% of the votes, while Macron’s Renaissance party only secured about 14.5%. The political uncertainty caused by these events has had a significant impact on the stock market, with companies that have contracts with the government also seeing a decrease in their stocks.

Eiffage experienced a 5.76% drop to 93.90 euros, Vinci fell by 3.88% to 106.45 euros, and ADP, the manager of Parisian airports, also saw a decline of 4.29% to 122.60 euros. The banking sector was hit the hardest by this atmosphere of unpredictability, with Sociéte Générale falling by 5.19% to 24.66 euros, BNP Paribas by 4.82% to 63.12 euros, and Crédit Agricole by 3.69% to 14

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